Silergy (6415) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q26 was NT$4,860 million (or $4,860.0 million), up 18.7–19% year-over-year but down 9.9% sequentially.

• Net income reached NT$769 million, a 114.4% increase year-over-year, while net profit was $737.9 million, up 105% year-over-year.

• Pro forma net income was NT$1.17 billion, up 5.7% sequentially and 41.4% year-over-year.

• Earnings per share rose to NT$1.98 (basic), up 112.9% year-over-year, and $1.98 (basic), $1.96 (diluted).

• Total comprehensive income rose to $1,641.1 million from $1,023.8 million year-over-year.

Financial highlights

• Gross margin (IFRS) was 48.2%, down 3.0 percentage points sequentially and 5.7 points year-over-year.

• Operating margin (IFRS) was 8.0%, down 6.2 points sequentially but up 2.0 points year-over-year.

• Cash and financial assets (current) stood at NT$16,425 million at quarter-end; cash and cash equivalents at period end were $8,991.4 million.

• Book value per share increased to NT$98.25.

• Net cash per share was NT$32.78, down from NT$35.21 sequentially.

Outlook and guidance

• Pro forma results exclude amortization, depreciation, inventory adjustments, and share-based compensation.

• Pro forma operating margin was 16.3%, down 3.4 points sequentially and 1.1 points year-over-year.

• Board approved a proposal to dispose of the entire equity interest in SMAT at a minimum price of RMB1.98 per share.

• Management continues to assess the impact of new IFRS standards effective in 2027 and 2028.